Next year's buy-and-buy will be very promising-more than 200 tariff lines between China and the United States will be reduced to zero

Xinhua News, November 12 morning, the heads of State and the United States met, the two sides on the speedy resumption and conclusion of the Information Technology Agreement (ITA) to expand the scope of products negotiations reached a bilateral consensus ...

Small set irresponsible speculation, the White House will be by Taobao 57.1 billion yuan sales of the stimulus, decided next year must let "buy buy" for American enterprises to contribute more.

Yesterday (11th), the comprehensive Wall Street Journal and Sina Financial News, U.S. Trade Representative Michael Fromain (Michael Froman) confirmed that the two countries have just reached an agreement aimed at expanding ITA content, covering about 1 trillion of dollars in information technology products trading, Tariffs on more than 200 tariff lines will be reduced to zero.

Under the new agreement, ITA will cover about $1 trillion trillion in information technology product transactions, and more than 200 tariff lines will apply to zero tariffs. The agreement covers medical equipment, GPS equipment, video game consoles, computer software and a new generation of semiconductors and other commodities. Some of the new rules will take effect immediately.

The White House said the breakthrough in negotiations on the information technology trade agreement between China and the United States paved the way for a final agreement to be reached as early as December. People familiar with the matter said the details of the potential agreement were not known, and some warned that the agreement could still not be reached or postponed. One possibility is that China will be allowed to take steps to eliminate tariffs on some goods.

ITA's expansion talks were interrupted in 2013 by a "sudden halt" in the US, and the Minister of Commerce, Gao, said in a statement last November 24: "Since September 2012, China has been actively involved in the ITA expansion negotiations, not only to coordinate domestic related industries, but also to improve bids in the round up negotiations." But the sudden announcement by the US on November 21 of the suspension of negotiations has not only surprised the Chinese side, but also left a slim hope for all the countries, businesses and workers who may benefit from the ITA expansion round. ”

According to the statement, the United States in terms of prices (tariff decline and timetable) and coverage of the dispute with our country, "but the U.S. price is far beyond the affordability of Chinese industry, is the main reason for the negotiation has not yet reached an agreement ... It is irresponsible for the United States to ignore the efforts of all the negotiating parties, including China, by abandoning the consensus that most of the countries have reached, by simply failing to meet the few products of its individual industries. ”

It is noteworthy that, according to the current United States confirmation of the new agreement covering the product details and the previous suspension of the negotiations "now, including China, the main participants to support the nearly 200 items" of the wording to judge the outcome of the round of negotiations between China and the US.

The information Technology Agreement refers to the Ministerial Declaration on Trade in Information technology products reached by 29 countries and separate Customs districts during the first WTO Ministerial Conference of December 13, 1996, in which Member States represent 97% of the world's it exports, which entered into force on April 1, 1997, The aim is to cut tariffs on information technology products to 0 per cent in stages.

China has pledged to accede to the Agreement in the WTO accession negotiations, April 24, 2003, the WTO expanded IT products Trade Committee 35th meeting agreed to accept China as the 43rd party of the WTO Information Technology Agreement (ITA). In September 2013, Russia became the 78th member of ITA.

The United States, the European Union and Japan have all along been trying to update the deal, and the US has been hoping to include medical equipment, advanced semiconductors and other commodities.